Global markets vary as regional tensions rise
Japanese stocks experienced a significant decline, with the Nikkei index dropping 1.7% and the Topix index falling 1.83%. Meanwhile, the yen reached its highest level since February at 152.89 against the dollar, amid fears that the Bank of Japan may raise interest rates to 1.25% due to inflation pressures. Stocks of industrial and transportation companies were negatively affected by rising oil prices. At the same time, Gulf markets faced clashes and escalating tensions between Washington and Tehran, which limited their gains. European markets also declined due to concerns over inflation and oil supplies, as crude prices rose to around $98.6 per barrel.
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